Got my portfolio up to ~$16k on RobinHood and considering their gold option, offering extra buying power (margin funds). $10 a month for $2k extra funds with no other fees. The other possible options are $40/mo for $8k and $50/mo for $12k.
Fairly novice investor here, only been around for a month. I've made about 2% while betting on earnings with big name companies or blue chips, but mostly buy and hold.
Is it too early for me to start trading on margin? I doubt I want to get the larger margin accounts because I put myself at too much risk, being 1/3 or more of my total account is borrowed funds. Given I'd only need to make 0.5% per month on the borrowed funds, I think I can make this just by parking it in an ETF like VOO or a large-cap or medium-cap ETF, while using my real funds for equities.
Bad idea? I don't trade any penny stocks, or high volatility companies.
Submitted May 05, 2017 at 09:55PM by MuphynManIV http://ift.tt/2pKV1r0
